Brazil Analysts Cut 2014, 2015 Growth Forecasts to Lowest Ever

Brazil economists lowered their growth forecasts for this year and next as above-target inflation and low confidence curb consumption.

Brazil’s gross domestic product will expand 1.24 percent this year and 1.73 percent in 2015, compared with the previous week’s forecast of 1.44 percent and 1.80 percent, respectively, according to the June 13 central bank survey of about 100 analysts published today. Both estimates were the lowest since the central bank started publishing the data.